Analysis is purly based on technical analysis. No Fundamentals.
Bullesh Move
1 . If RSI crosses Red trend line above 50
2. If there is a corss over of MACAD !,2 and 3 above the zero line and cross the Red Trend line above zero line
Bearish Move
1 . If RSI crosses Blue trend line below 50
2. If there is a corss over of MACAD !,2 and 3 below the zero line and cross the blue Trend line below zero line
Bullesh Move
1 . If RSI crosses Red trend line above 50
2. If there is a corss over of MACAD !,2 and 3 above the zero line and cross the Red Trend line above zero line
Bearish Move
1 . If RSI crosses Blue trend line below 50
2. If there is a corss over of MACAD !,2 and 3 below the zero line and cross the blue Trend line below zero line
Trade closed: stop reached:
There was a bearish move. However, on 8th November 2016 Indian Gov made an unexpected announcement related to demonetization which changed the move of the market.